Bugs and Fishes by Lupin: How To: Vintage Felt Baubles
particularly like the mistletoe and ice skates - 50 DIY Felt Christmas Tree Ornaments
Reno en fieltro - Christmas Rudolph - Felt Decoration Could totally make this yourself for super cheap!
Paper Clip and Felt Ice Skate Ornaments
Use card stock and misc buttons to make your own Christmas cards. The card stock can be bought at Walmart, etc. or at most any craft store. The buttons come in bags at most craft, hobby, or fabric stores.
Felt Gingerbread Man Christmas Decoration by bagladee
Mitten cutlery holder on a holiday party table. A long wide winter scarf can be used as a table runner, too!